The Financial Secretary of the Great Ife Students’ Union presented a breakdown of the funds raised through crowdfunding for the Great Ife Students’ Union Buses. This was disclosed at the congress held on Friday, January 17th, to address the accountability issues for the donations.
In the breakdown, the union has raised an amount of ₦174,290. Meanwhile, the targeted number of buses is 25 and the targeted amount to procure 25 buses is one hundred and eighty million naira (₦180,000,000). Additionally, the targeted number of NAPEPs to be procured is 25 with a targeted amount of one hundred and five million Naira (₦105,000,000).
Fake Transfers, Inflated Prices: OAU Vendors Share Struggles in Meeting with Students’ Union
Recall that the Great Ife Students’ Union launched the crowdfunding initiative for Union Buses in October to address students’ ongoing transportation challenges. The initiative aims to secure commercial buses and tricycles as a sustainable solution to the transportation crisis in the University, where Town Gboro drivers have maintained a monopoly.
However, during the Great Ife Students’ Representative Council’s first budgetary sitting, held on Saturday, December 21st, 2024, at Ajose Lecture Theatre, the Financial Secretary of the Students’ Union, Fajuyi Ikeoluwa, presented the union’s financial report. The report stated that the opening balance was ₦166,591.85, and the current balance is ₦886,056.85. The total income from the crowdfunding for the union buses is ₦223,990, and the income from the SUB ventures is ₦498,500.

Campus Life Hacks: Time Management Strategies for You as an OAU Student
Students have queried the difference in the amount raised for the crowdfunding. The amount for the crowdfunding of the new buses included in a written report, and the statement given by the Financial Secretary during the first parliamentary sitting was ₦223,990, however, the price presented during the Students’ Union Congress is ₦ 174,290. Calculating the difference, the amount is ₦49,700.

In a telephone conversation with the financial secretary of the Students’ Union, Fajuyi Ikeoluwa, she said, ‘If this reporter needed clarification on the actual amount, he should be present at the parliamentary sitting to be held on Saturday, January 18th.’
ACJOAU correspondent at the Students’ Union Parliamentary sitting on Saturday, however, gathered that no comment or development was raised concerning the difference in the amounts during the session.